[kpeavey]

Tough day for civilization.

[DirtyHowi]

WTF, the markets arent closed and CNN is calling 120.92 for settle???????

[Spanktron9]

$this->bbcode_second_pass_quote('DirtyHowi', 'W')TF, the markets arent closed and CNN is calling 120.92 for settle???????

[DirtyHowi]

$this->bbcode_second_pass_quote('Spanktron9', '')$this->bbcode_second_pass_quote('DirtyHowi', 'W')TF, the markets arent closed and CNN is calling 120.92 for settle???????

[jasonraymondson]

crazy day, you can smell the fear.

If goes up tomorrow though, then I will be impressed.

[3aidlillahi]

Up to 128! BRING ON THE PAIN. Imagine - $100 oil had gas around $3.80 around here. What's this jump, along with refinery cutbacks, going to do to gas?

[americandream]

Let's pull back on attributing oil's hike to the "free marketeers" fcuk up and look at that other theory they are so fond of throwing at us, "demand destruction". Has there been any of any magnitude? I think not.

[Roy]

[Cashmere]

$this->bbcode_second_pass_quote('Roy', 'B')ack to $108 now. www.321energy.com

WTF?

[mefistofeles]

Why is there such a large spread between WTI and Brent. Its at $15?

[TheDude]

Lock limit, wither is thy sting?

Everyone should check out this outstanding recent piece by Nate Hagens: Hedge Funds, Hurricanes and Energy Markets.

[jbrovont]

Shhh!

Once the Elders have spoken,
the thinking has been done.



(Am I allowed to be that obnoxiously sarcastic?)

$this->bbcode_second_pass_quote('americandream', 'L')et's pull back on attributing oil's hike to the "free marketeers" fcuk up and look at that other theory they are so fond of throwing at us, "demand destruction". Has there been any of any magnitude? I think not.

[threadbear]

$this->bbcode_second_pass_quote('Niagara', 'I')'m finding it very difficult to buy gold and silver (the physical metal).

Many of the small shops have no inventory and the online sellers are back-ordered, with the option of refunding your purchase and canceling the order within x days.

[Niagara]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('Niagara', 'I')'m finding it very difficult to buy gold and silver (the physical metal).

Many of the small shops have no inventory and the online sellers are back-ordered, with the option of refunding your purchase and canceling the order within x days.

[Byron100]

$this->bbcode_second_pass_quote('Roy', 'B')ack to $108 now. www.321energy.com

WTF?

[sjn]

$this->bbcode_second_pass_quote('Byron100', '')$this->bbcode_second_pass_quote('Roy', 'B')ack to $108 now. www.321energy.com

WTF?

[BigTex]

$this->bbcode_second_pass_quote('TheDude', 'L')ock limit, wither is thy sting?

Everyone should check out this outstanding recent piece by Nate Hagens: Hedge Funds, Hurricanes and Energy Markets.

[emersonbiggins]

So, how does a price spike on contract closing day affect the price of oil in the near-term? Now that we've reset to the new front month at a "mere" $108, is it like today's $25 spike never happened, or what? How is this priced into the market?

[DantesPeak]

Let’s review, here’s the primary reason gold and oil are moving up:

$this->bbcode_second_pass_quote('', 'T')he $100 billion the Treasury raised in special issues this week has been mostly deposited with the Fed. The Fed apparently has directly lent most of this money back to banks and brokers.

To over simplify then, the Treasury has acted as a second Federal Reserve and created $100 billion in new money. That's because the Treasury has facilitated the financing of $100 billion in assets formerly just owned by banks/brokers and now 100% financed by the Fed.

This is in addition to the creation of $300 billion in new money, mostly in dollars - even in Europe. The combined effects of the new money will have powerful effects on some asset classes at first, and will eventually bleed into the world economy - causing widespread inflation.

It takes about two years for the effects of monetary expansion to be fully reflected in retail prices. The price of basic commodities like gold, oil, grains are likely to rise first.

[DantesPeak]

$this->bbcode_second_pass_quote('emersonbiggins', 'S')o, how does a price spike on contract closing day affect the price of oil in the near-term? Now that we've reset to the new front month at a "mere" $108, is it like today's $25 spike never happened, or what? How is this priced into the market?